Breakthrough Regulation Ignites Hope for Crypto Boom on 10 Nov

Breakthrough Regulation Ignites Hope for Crypto Boom

Here’s a look at all the crypto developments that happened yesterday, especially in the regulation space. 

US just delivered game-changing Regulation 

The IRS and US Treasury rolled out fresh regulation that lets crypto ETFs and trusts stake assets and share rewards with everyday investors. 

Treasury Secretary Scott Bessent took to X saying it’s a “clear path” forward. Bill Hughes from Consensys added that it was indeed “significant,” saying it ends years of legal blocks.

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This regulation allows Fund Managers to add staking yields without fear and builds on SEC’s September green light for crypto funds. 

The UK is also crafting smart regulation for Stablecoins 

In the UK, the Bank of England is crafting smart regulation for stablecoins. A new plan demands at least 40% backing in zero-interest BoE deposits and up to 60% in short-term government bonds. 

Accordingly, people can hold 20,000 pounds ($26,300) per token; businesses get 10 million with easy exemptions. Feedback closes February 10, 2026, and final rules drop later that year. Big issuers could shift to 95% government bonds as they grow.

Italian banks give mixed signals about Europe’s Digital Euro

The ECB sealed a roadmap with EU ministers for a 2029 launch of the Digital Euro if laws pass by 2026. A 2027 pilot is due to kick things off. Leaders Christine Lagarde and Valdis Dombrovskis set rules so ministers control supply and cap holdings to stop bank runs. 

Now Italian banks gave mixed responses. Marco Elio Rottigni of the ABI, backs the idea of a “digital sovereignty” promise. Yes, costs are high, but they want payments spread out. Rottigni urges a “twin approach”: 

He warns Europe must not lag, given that the US already leads with its GENIUS Act on stablecoins.

That’s the latest from the regulation front of cryptocurrency friends. Stay tuned to Coin Medium as we bring you the latest from all things crypto. 

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